Owners in Richmond value their homes 73% above the median of Alberta’s towns
That is a median of $690,000 at the 2021 census, set beside $400,000 for Alberta’s towns. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. No sales are published for towns in Alberta, Richmond included, so owners’ values are the measure.
Two ways to price a home in Richmond
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders. Richmond shares its assessed values, values by property type and building permits numbers with the rest of the city of Calgary.
median, owners’ estimate
- Average
- $660K
- Owners
- 1,360
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Calgary’s detached houses are assessed 88% above the median of Alberta’s towns
Detached houses account for 62% of the 483,605 properties on Calgary’s 2024 roll; condos for 18%.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
25% of Richmond’s homes predate 1961, against 5% for Alberta’s towns
Of the 2,225 homes people lived in across Richmond at the 2021 census, 33% were single-detached houses. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Richmond | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 25% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 11% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
26.6 new homes a year per 1,000 in Calgary: more than Alberta’s towns (7.5)
Some 12,879 homes a year: 77,275 in all were permitted in Calgary from 2018 to 2023. The mix: 26% in single-unit buildings, beside 69% for Alberta’s towns.
The busiest year: 2023, with 18,187 new homes
New homes a year per 1,000 homes
Level with the year before: 26,142 new homes to August 2026
Monthly permits for the Calgary metro area
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Richmond against Alberta’s towns: 73% over the $400,000 median
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Richmond: Bankview, Garrison Woods and Killarney/Glengarry
Next to Richmond: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Richmond | $690K | $660K | 62% | |
| South Calgary | $700K | $729K | 51% | 0.7 |
| Bankview | $348K | $472K | 31% | 1.2 |
| Garrison Woods | $600K | $631K | 77% | 1.3 |
| Killarney/Glengarry | $650K | $607K | 60% | 1.3 |
| Altadore | $860K | $940K | 70% | 1.4 |
| Sunalta | $532K | $662K | 34% | 1.5 |
Census 2021 values; km.
Questions about property prices in Richmond
Is Richmond expensive for Alberta?
Yes: Richmond’s census median is above the $400,000 of Alberta’s towns.
How many households in Richmond are in core housing need?
In Richmond, 11% of households are in core housing need, close to the 8% of Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).